Victoria’s Plurilock Security is acquiring Aurora Systems Consulting, a leading U.S.-based cybersecurity solutions provider with over 140 clients and revenue of USD $28.11 million in 2020.
Plurilock (TSXV: PLUR) is a leading provider of invisible and continuous authentication technologies for enterprises.
Through the Acquisition, Plurilock will obtain a professional services team, a new office on the West Coast of the United States, a larger market presence in the U.S. cybersecurity industry and an offshore office in India built for quoting government deals.
Since 2001, Aurora has provided cybersecurity products and offered professional services to U.S. clients including federal government institutions including the U.S. Department of Defense, U.S. Department of the Air Force, U.S. Department of the Navy, U.S. National Aeronautics and Space Administration, U.S. Department of the Treasury and U.S. Department of the Army.
Aurora will operate as an additional sales force to deliver Plurilock’s state-of-the-art identity assurance solutions to Aurora’s network of clients. It is expected that the acquisition will accelerate Plurilock’s sales growth to rapidly deploy its high margin software products within regulated industries such as finance, healthcare, and defense in the United States.
“The acquisition of Aurora will represent a significant milestone in Plurilock’s development and in our M&A strategy of acquiring attractive assets that have the ability to scale,” said Ian L. Paterson, CEO of Plurilock.
“With an established customer base of top-tier organizations, the Aurora acquisition provides us with an opportunity to integrate our higher margin cybersecurity software into their existing solution offering in order to increase sales while expanding their overall margins. We expect this acquisition will rapidly advance our growth initiatives and we are looking forward to working with Philip de Souza and his impressive team as we continue to aggressively build our company.”
LISTED: Plurilock Security is publicly traded on the TSXV under the symbol PLUR.
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